Too Late, Trotsky
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Economics 101 - TV Party

Previously, my professor has mentioned to the class that he does not own a television. Instead, as readers of this blog know from the lesson “Homework,” he reads copious amounts of stuff. Today someone asked what he does instead of watch the boob tube.

Well, that set him on a rant.

“Did you know that your brain starts functioning properly when you stop watching television for three months? When I go to a friend’s house and watch I can feel my brain start to change. It gets slow, shallow, and superficial. You can’t process the phenomena around you.” He stopped the rant to talk about the textbook material, but not for long. Soon after we started talking about the text, he asked about freedom in the post-9/11 Western culture. He then mentioned that all libraries in the United States must provide information to the federal government.
For example, if I was to walk into my public library at home and check out a copy of the Qur’an, the library’s system will send my personal information (name, address, phone number, other books I’ve checked out, etc, etc) to the FBI. Simply because I checked out a book. Slightly ‘Big Brother’-y, n’est pas?
Yet anyone can get information on the internet without having the federal government immediately contacted. As my professor said, “Any hobo can post something online, go to the public library and print off a New York Times article, hold it up, and say, “Look!”“

Then we rolled back around to the television rant. He told us the main goal of the class wasn’t just to study Macroeconomics, it was to “get our brains to process things the right way.” He then mentioned that the first two months without television are kind of like going through withdrawals.

“I know I’m talking to the number one television culture in the world and I know to you I’m just the crazy German guy right now. I had a professor tell me to do the same thing I’m telling you to do, and I thought he was a nutcase. So I know.”

The moral of the story is that once you stop watching television, buy your books because the library is part of an overarching government conspiracy to spy on the American people. Either that or read the books while in the library and don’t check them out. Also, get outside and walk around.

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Economics 101 - Bullshitting

In class the other day, we got our midterm exams back. The professor gave us some time in class to correct our answers so we could go over them as a class. One of the questions was a “define this term, then explain how it works” kind of thing. As we went over the answers, as usual, our professor got sidetracked and gave us all a life tip.

He explained (I’m paraphrasing here) that if a question starts with a term, define the fuck out of it. If you don’t, you’re basically telling the person grading the answer that, right off the bat, you have no idea what you’re talking about. This takes away from your argument and you look like an idiot.

He’s right. Sometimes I’ll answer a question without defining the terms right at the beginning, and halfway through I’ll realize I’m just bullshitting. It hasn’t hurt me too much just yet, but I’m getting to the point where I actually need to know what I’m talking about.

But until then, I’ll stick with the bullshit.

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Economics 101 - National/Personal Debt

In class Wednesday, my Professor went on a rant about how most Americans are in debt up to their eyeballs without a plan to get rid of personal debt.

We’re a country of people with no way out.

Does our government reflect that? Does all that national debt reflect the fact that we’re a nation of shopaholics who consume, consume, consume with little thought about the impact we’re having on our own lives?

Forget about the impact on the environment and everything else for a moment.

I try to buy organic, local foods. I try to support small businesses. I really do. But I realized that if we don’t save ourselves from debt, we’ll never save the America that makes economic sense. That’s just the way it is, but that’s not how it should be.

We’re a free country. That means free to buy products from the places you want. With giant corporations owning most of the business for food, how is that freedom?

If you haven’t watched Food, Inc yet, you need to. It’s a huge wake-up call for the average American consumer. And that’s kind of what we need - a gigantic, country-wide shock to jolt us awake. We’ve been asleep for years, and now corporations like the ones that run the food industry can spend their hundreds of millions of dollars on campaign ads for candidates who support their lobbies.

So…who’s going to set the alarm, eh?

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Economics 101 - Natural Law

Today, my professor was discussing the neoclassical, natural law version of the supply/demand model in comparison to the heterodox, socially influenced one. He was criticizing the naturalization of a man-made and man-regulated economy when he said that we should all be wary of anything in the news justified because it is “natural.”

The first thing that came to mind was the argument against global warming as climate change. That kind of thing is exactly the naturalization of a synthetic issue. There’s scientific evidence that the 19th Century industrial revolution had a significant effect on the environment and the ecosystems surrounding the polluted centers. Hell, even without science we can see the way humans have changed the natural world (i.e. the Exxon Valdez, dolphins in tuna nets, animals with their heads stuck in those plastic 6-pack rings, etc, etc).

It makes sense to me now that the opposition to global warming is that it’s a natural thing. The easiest way to justify doing nothing is to say, “nah, it’s cool, it’ll just fix it self like it usually does.”

And THAT reminds me of this old joke from elementary school:

This guy is in a bar and he sees this hot young lady with blond hair. He walks up to her and asks, “Is your hair dyed?” She says, “It’s natural.” and brushes her hair with her hand.
Later, he sees a hot brunette and asks her, “Is your hair natural?” She says the same as the blond.
Suddenly, he sees a hot girl with green hair. He asks, “Is your hair dyed?” She pushes her hand over her nose, covers it with boogers, wipes it in her hair and says, “It’s natural.”

No, it’s snot.

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Adapted from a Macro Economics lecture.

Adapted from a Macro Economics lecture.

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Economics 101

Yesterday, in my economics class, this guy started arguing that people have an intrinsic need to want. That people are born wanting to do nothing more than consume. In this way, advertising and other influences from the media do nothing to make a person want something more. They just want it.

The professor started arguing with him, asking the student how long advertising has been around. Turns out that, in the course of all humanity, advertising has been around for a fraction of the time that people have walked the earth.
He then mentioned that the first people were hunter-gatherers that worked in a team to share everything that they could kill just to stay alive. They didn’t have possessions, they just had relationships and what they needed to survive. He explained that the communal living of early human tribes were the basis of what humans intrinsically need or want.

The whole time this is happening, I’m in the back of the room with my mouth agape. Normally I’m the person who argues with the student who says anything like this in class. Yeah, I’m that douchebag. But this guy, with a doctorate and a nice suit, just completely leveled this kid. At best, I would have kicked him in the shins and run away. At best. His was a completely rational argument based in reality and there was no way to rebut it.
It may not be economics, but I think I can learn a lot from this guy.

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Keynes vs. Hayek Rap.

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I believe that banking institutions are more dangerous to our liberties than standing armies.
Thomas Jefferson
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Cows Moo: Thoughts from the Top of a Hill.

This morning, ny economics professor was talking about something (I wasn’t exactly paying attention) and he started using this extended metaphor.

He asked us to pretend we have never seen a cow before. Then he asked if he took bits of cow - the bones, the meat, the milk, the fat - and laid them individually on the floor, would we know it’s a cow?

But when you drive along the highway and see farms with cows atop the hill, you know it’s a cow. It moos, it eats, it stands aound, it shits. It shits a lot. All those little individual bits of cow are working together to make a living thing.

His metaphor got me thinking - if we weren’t just bits of cow, would we still be in this predicament we are now? Would this country cease to be individual pieces of flesh and bone and come together to be an entity that stands proudly atop a hill?

As partisan as we are, we can’t afford to become more divided. If we keep following the path we’re on, eventually we’ll be put through the meat grinder in some Upton Sinclair yarn.